GlobalData (LON:DATA) Price Target Cut to GBX 90 by Analysts at Berenberg Bank

Key Points

• Berenberg Bank lowered GlobalData’s price target to GBX 90 from GBX 105 but maintained a “buy” rating, implying nearly 60% upside from the previous close.
• JPMorgan also cut its target to GBX 110 and assigned a “neutral” rating. Overall, analysts maintain a “Moderate Buy” consensus with an average target of GBX 148.75.
• GlobalData shares opened at GBX 56.30, near the lower end of their 52-week range, while insider Michael Danson sold approximately £17.1 million in shares and insiders retain a 67.14% ownership stake.

GlobalData (LON:DATA - Get Free Report) had its target price lowered by research analysts at Berenberg Bank from GBX 105 to GBX 90 in a research report issued to clients and investors on Tuesday, Digital Look reports. The brokerage currently has a "buy" rating on the stock. Berenberg Bank's target price suggests a potential upside of 59.86% from the stock's previous close.

Separately, JPMorgan Chase & Co. decreased their price target on GlobalData from GBX 135 to GBX 110 and set a "neutral" rating for the company in a report on Friday, July 17th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of GBX 148.75.

GlobalData Price Performance

LON:DATA opened at GBX 56.30 on Tuesday. GlobalData has a 12-month low of GBX 52.61 and a 12-month high of GBX 153. The company's 50-day moving average is GBX 78.66 and its two-hundred day moving average is GBX 84.79. The firm has a market cap of £368.43 million, a price-to-earnings ratio of 12.80, a price-to-earnings-growth ratio of 1.52 and a beta of 0.72. The company has a current ratio of 0.85, a quick ratio of 0.61 and a debt-to-equity ratio of 71.69.

GlobalData (LON:DATA - Get Free Report) last released its earnings results on Monday, September 14th. The company reported GBX 2.70 EPS for the quarter. GlobalData had a return on equity of 12.09% and a net margin of 10.84%. Research analysts expect that GlobalData will post 9.6687774 EPS for the current year.

GlobalData announced that its Board of Directors has authorized a stock repurchase plan on Tuesday, June 23rd that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company's board of directors believes its shares are undervalued.

Insider Buying and Selling

In related news, insider Michael Danson sold 20,117,282 shares of the firm's stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of GBX 85, for a total transaction of £17,099,689.70. Insiders own 67.14% of the company's stock.

GlobalData Company Profile

GlobalData operates an intelligence platform that empowers leaders to act decisively in a world of complexity and change. By uniting proprietary data, human expertise, and purpose-built AI into a single, connected platform, we help organizations see what's coming, move faster, and lead with confidence. Our solutions are used by over 5,000 organizations across the world's largest industries, delivering tailored intelligence that supports strategic planning, innovation, risk management, and sustainable growth. Strategic Priorities GlobalData's four strategic priorities are: Customer Obsession, World Class Product, Sales Excellence and Operational Agility.

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